The Direct Write-Off Method Requires an Entry with a Credit

question 157

True/False

The direct write-off method requires an entry with a credit to Accounts receivable to record the uncollectible accounts expense.

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Definitions:

Reports Center

A centralized location or platform where various types of business reports can be accessed, generated, or managed.

Vendors Center

A feature in accounting software that organizes and tracks transactions related to suppliers from whom a business purchases goods or services.

Reports Menu

A feature within software or an accounting system that provides access to a variety of financial and operational reports.

Vendor Transaction

A financial or business transaction between a company and its supplier or service provider.